What's the Average Social Security Benefit? It's Lower Than You Might Think
Social Security is more than just a social program for many people. Nearly 90% of current retirees depend on their benefits, according to a 2023 poll from Gallup, and roughly 60% of that group say that their checks are a major source of income.
There's nothing necessarily wrong with relying on Social Security in retirement. However, it's important to have realistic expectations about how far your benefits will go.
The average Social Security benefit varies widely by age, but even the highest average benefit is less than you might think. Here's exactly how much the average retiree collects at age 62, 65, 67, and 70 -- as well as a few strategies to increase your benefit.
Source Fool.com
